Question
Frankie bought a trip on her credit card on May 28 for $2,231.00. She paid off the entire amount of the trip including the interest
Frankie bought a trip on her credit card on May 28 for $2,231.00. She paid off the entire amount of the trip including the interest charges 128 days later. The annual interest rate on purchases is 19.99%. What was the total cost of the trip including the interest charges by the time Frankie paid it off? (After converting the daily interest percentage rate to a decimal, round it to 6 places)
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International Financial Reporting Standards An Introduction
Authors: Belverd E. Needles, Marian Powers
3rd Edition
1133187943, 978-1133187943
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